My Department considers applications for funding for third level capital projects, including site purchases, in the context of campus development masterplans drawn up by institutes of technology. Once masterplans have been approved, campus development takes place on a phased basis as resources permit.
In the case of third level institutions which come under the remit of the higher education authority applications for funding for capital projects, including site purchases, are considered firstly by the authority and then submitted to my Department.
The length of time taken to process applications for capital funding varies depending on the complexity of the proposal and the resources available.
My Department does not grant aid the provision of student accommodation. However, in recognition of the difficulties facing the student population in finding good affordable accommodation, the Government introduced tax incentives to encourage the provision of student rented residential accommodation in section 50 of the Finance Act, 1999.